Was Keating FC a con job.

There was a news article today, which one could infer that Keating's motives for introducing the imputation credit scheme wasn’t to redress the double tax system. Many companies never paid tax anywhere near the 30% mark.

But to create an incentive for companies to pay more tax then they needed too! That part wasn’t clearly explained.

It amounted to Govt. getting a source of revenue earlier then previously from the old double taxation way.